Sep 10, 2009 (AIRLINE INDUSTRY INFORMATION via COMTEX) -- Frontier Airlines Holdings Inc (OTCBB:FRNTQ) reported on Thursday that its Plan of Reorganisation has been confirmed by the Bankruptcy Court for the Southern District of New York.
The company said that it successfully resolved the objections to the plan prior to the hearing, which resulted in it being an uncontested confirmation hearing.
Following the Bankruptcy Court's order confirming Frontier's Plan of Reorganisation, the company will emerge from bankruptcy on or about 1 October 2009, as a wholly owned subsidiary of Republic Airways Holdings Inc (NASDAQ:RJET).
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As of Sunday, 09-06-2009 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system, indicated a DOWNTREND on 11-09-2007 for FRNT @ $6.05.
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